Name: Pull out 401k or let the house go into FORECLOSURE?
Uploaded: 2024-07-11T01:50:47+00:00
Duration: 8 min 40 s
Description: In this episode, John Schink of Deerwood Realty explores the difficult decision many Americans face: taking hardship withdrawals from their 401(k) plans to avoid foreclosure or letting the bank take t

1 year ago

Vlogs John Schink Deerwood Realty Real Estate Broker 401k Withdrawals Housing Market Economic Trends Financial Planning Retirement Crisis Home Foreclosure Eviction

In this episode, John Schink of Deerwood Realty explores the difficult decision many Americans face: taking hardship withdrawals from their 401(k) plans to avoid foreclosure or letting the bank take the house. Despite a strong economy, many are financially stressed due to high housing costs and rising interest rates. We analyze the implications of these choices on long-term financial health and the broader economy.

#RetirementCrisis
#HousingMarket
#FinancialPlanning

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https://www.marketwatch.com/story/hardship-withdrawals-from-401-k-plans-rocket-nearly-40-as-savers-fight-to-save-their-homes-720bb95f?mod=search_headline

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